FA Alpha Daily / Every issue / The Monday Macro Report

The Monday Macro Report: every issue

The Monday issues: the economy, interest rates, inflation, and the credit markets, and what they mean for stocks. All 210 issues, newest first. See the series page.

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• Wednesday Credit Outlook
• Thursday Uniform Accounting Analysis
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2026

• AI is reshaping jobs, not eliminating themOct 12, 2026
• The markets welcomed the latest rate hike with applauseOct 5, 2026
• Drones are reshaping defense budgetsSep 28, 2026
• The rate hike the bond market was waiting forSep 21, 2026
• Wholesale is still a durable business modelSep 14, 2026
• The AI infrastructure cycle still has room to growAug 31, 2026
• Energy is American reindustrialization’s biggest bottleneckAug 24, 2026
• Dealmaking continues to pick up amid market concernsAug 17, 2026
• Big Tech’s once-positive cash flows are turning negativeAug 10, 2026
• One of AI’s biggest hedge funds suddenly collapsedAug 3, 2026
• There’s a case to be made for flat interest ratesJul 27, 2026
• Traders are changing their tune on interest ratesJul 20, 2026
• Computing capacity isn’t the only thing hyperscalers have to prioritizeJul 13, 2026
• Corporate America is buying new machinesJul 6, 2026
• Decoding Warsh’s first FOMCJun 29, 2026
• There’s a downside to today’s “IPO mania”Jun 22, 2026
• SpaceX’s public debut just broke the IPO moldJun 15, 2026
• Corporate America is borrowing againJun 8, 2026
• This endowment is facing a cash squeezeJun 1, 2026
• The workaround for AI’s “energy problem”May 18, 2026
• America’s debt debate is intensifying yet againMay 11, 2026
• Private equity’s “exit” door is getting jammedMay 4, 2026
• Consumers aren’t out of the woods yetApr 27, 2026
• These indexes have helped investors buy into winners earlyApr 20, 2026
• Cybersecurity’s “moat” is starting to show cracksApr 13, 2026
• This hyperscaler has to be more careful in its AI adoptionApr 6, 2026
• The right moat can make a business nearly unbeatableMar 30, 2026
• There are aspects of investing that AI cannot simply replaceMar 23, 2026
• The word “AI” can make or break companies in today’s marketMar 16, 2026
• Data is no longer the investment edge it used to beMar 9, 2026
• The Trump Administration is attempting to fix the housing markMar 2, 2026
• AI is reshaping how the workforce will be defined in the futureFeb 23, 2026
• Private credit has been quiet, but that doesn’t mean all is well for creditorsFeb 15, 2026
• The best time to invest in service model businesses is during the transformation… not afterFeb 2, 2026
• Credit card issuers stand to lose if credit card interest rates are cappedJan 25, 2026
• 2026 is shaping up to be a stronger year than expectedJan 12, 2026
• The Fed has opened the floodgates for the next phase of the economic cycleJan 4, 2026

2025

• The reason trade deficit numbers are misleadingDec 29, 2025
• The grid can’t keep pace with surging data-center investments, but this company can helpDec 22, 2025
• AI automation is fueling the elimination of junior rolesDec 15, 2025
• Data centers are turning to grid-scale battery storage to power demandDec 8, 2025
• Near-term bumps haven’t changed the overall picture for the economy and rate cutsDec 1, 2025
• This Wall Street icon is actively betting against AINov 24, 2025
• Cracks are starting to show in private creditNov 16, 2025
• The market is no longer just about efficiency or scale, it’s rewarding building what will come nextNov 10, 2025
• After starting the year with uncertainty, the defense industry is now in a position to keep growing as global tensions climbNov 3, 2025
• Consumer credit is facing cracks where it’s least expectedOct 26, 2025
• The Fed’s obscure “third mandate” could be coming into playOct 20, 2025
• The health care industry is moving towards its next efficiency playOct 13, 2025
• History has shown that rate cuts don’t just protect consumers as they accelerate tech-driven booms further as wellOct 6, 2025
• Today’s AI rally touches many industries, not just techSep 29, 2025
• The biggest winners in tech-driven bull market runs are those who secure price leadership earlySep 22, 2025
• The best way to build wealth during tech revolutions is to not follow the hype and hold on to the winnersSep 15, 2025
• Banks are finally getting comfortable with easing lending standards despite the presence of tariffsSep 8, 2025
• Government statistics are suffering from a credibility crisisAug 25, 2025
• Bank M&As are about to make a returnAug 11, 2025
• Watch out for this retirement trapAug 4, 2025
• A single signature can spark a new energy boomJul 28, 2025
• The private credit market is a ticking time bombJul 21, 2025
• Even blockbuster sports deals don’t outpace market returnsJul 14, 2025
• Private credit’s growth comes with a catchJul 7, 2025
• You might be overlooking Europe’s best performing marketJun 30, 2025
• The U.S. industrial rebound is hereJun 23, 2025
• This rule change could spark a surge in U.S. lendingJun 16, 2025
• Bubbles can spark innovation and foster growthJun 9, 2025
• The market’s future depends on corporate earningsJun 2, 2025
• ‘Productive’ assets are back on the menuMay 19, 2025
• The market is writing off small caps prematurelyMay 12, 2025
• Calls for a recession appear prematureMay 5, 2025
• The government’s AI rollout is picking up speedApr 28, 2025
• Be on the right side of the ”AI Divide”Apr 21, 2025
• The reason trade deficit numbers are misleadingApr 14, 2025
• The debt clock keeps tickingApr 7, 2025
• Don’t let this rally fool you about Chinese stocksMar 24, 2025
• Don’t worry about market concentrationMar 17, 2025
• A looser economy emerges as private credit boomsMar 10, 2025
• Europe is finally becoming responsible for its own securityMar 3, 2025
• Tariffs are back, and the potential consequences could be severeFeb 24, 2025
• The $5.5 trillion confusionFeb 10, 2025
• While credit may appear concerning, there’s more to the storyFeb 3, 2025
• Investor confidence is making a comebackJan 27, 2025
• Venture capital’s magic has worn offJan 13, 2025

2024

• The essential consumer metric to follow in 2025Dec 30, 2024
• The U.S. dollar is still kingDec 22, 2024
• This food company is priced for its downfallDec 16, 2024
• The market may not be as overpriced as you thinkDec 9, 2024
• The perfect blend for long-term investingDec 2, 2024
• The case for this ‘safe haven’ metal is decliningNov 25, 2024
• America’s innovation is unmatchedNov 18, 2024
• Japan is poised for a major comebackNov 11, 2024
• Reaching the one-third mark in a $4.6 trillion opportunityNov 4, 2024
• An unnoticed triumph for banksOct 28, 2024
• Consumer debt is on the verge of becoming a crisisOct 21, 2024
• Bringing a spoon to a sword fightOct 14, 2024
• Not all tech companies are reaping the AI rewardsOct 7, 2024
• Post-pandemic spending might have doomed the economySep 30, 2024
• Lenders are on edgeSep 23, 2024
• Broader market growth brings more opportunitiesSep 16, 2024
• AI “enablers” deserve more spotlightSep 9, 2024
• This private credit pioneer is driving the industry to collapseAug 26, 2024
• Consumer savings have dried upAug 19, 2024
• Rate cuts loom as economic pressure mountsAug 12, 2024
• Be skeptical when the government offers helpAug 5, 2024
• You should be worried about repo workers being so happyJul 29, 2024
• Known by many, used by fewJul 22, 2024
• The world still runs on the U.S. dollarJul 15, 2024
• Earnings growth, duhJul 8, 2024
• U.S. companies are gearing up for major investmentsJul 1, 2024
• Investors have already settled into the ‘New China’Jun 24, 2024
• Redirecting public discontentJun 17, 2024
• The hidden impact of ‘Phantom Debt’ on consumer healthJun 10, 2024
• This ‘vanilla’ tool can help you invest more in bondsJun 3, 2024
• Far from the 1970sMay 20, 2024
• Finding silver linings in ‘‘bad’’ dataMay 13, 2024
• Japan’s economy is showing signs of lifeMay 6, 2024
• Choking on creditApr 22, 2024
• Don’t count on rate cuts anytime soonApr 15, 2024
• The corporate push to evade recessionApr 8, 2024
• No safety net is sufficient enough for the U.S. banking sectorApr 1, 2024
• The market is attempting to rewrite historyMar 25, 2024
• Rising productivity fuels overconfidence in the marketMar 18, 2024
• Don’t get too cozy with the AI maniaMar 4, 2024
• Corporate America’s credit crunchFeb 26, 2024
• Glimpsing the future economy through post-WW2 AmericaFeb 12, 2024
• Trouble looms over the banking sectorFeb 5, 2024
• The herd mentality can cause huge lossesFeb 2, 2024
• Bonds are still the way to goJan 22, 2024
• Computers haven’t completely replaced the “factor” strategyJan 8, 2024

2023

• Another subprime crisis is on the horizonDec 11, 2023
• Quiet ripples started just before the financial tempestDec 4, 2023
• Junk bonds are disappearingNov 20, 2023
• Companies are going to need money eventuallyNov 13, 2023
• Here’s how a recession could cure this economyOct 30, 2023
• Trouble in private equity means trouble for allOct 23, 2023
• The Fed is finally destroying the credit marketOct 9, 2023
• Don’t bet on a soft landingOct 2, 2023
• Revenge spending might have doomed the economySep 18, 2023
• Years Of Share Buybacks May Be Coming To A HaltSep 11, 2023
• Listen to the credit marketAug 28, 2023
• This Industry Stands To Benefit From Big Government SubsidiesAug 21, 2023
• American companies can’t afford to burn more cashAug 7, 2023
• This Might Not Be the Best Time to Follow the “Herd”Jul 31, 2023
• Here’s Why the Market Has Been Too OptimisticJul 17, 2023
• The U.S. can still avoid following in Japan’s footstepsJul 10, 2023
• Here Are The Four Possible Scenarios For The U.S. EconomyJul 3, 2023
• This sector is going to turn it around after a lackluster start to the yearJun 26, 2023
• Here’s why credit issues may be on the horizon soonJun 12, 2023
• This ‘vanilla’ tool can help you invest more in bondsJun 5, 2023
• There’s more to the debt ceiling crisis than what’s being discussedMay 22, 2023
• The Banking Crises in Japan and the U.S. Are More Similar Than You ThinkMay 15, 2023
• The Number of Wounded Companies Is Important for This ReasonMay 8, 2023
• Insider Trading Reveals Recent Trends May Not Be Short-LivedMay 1, 2023
• Prior Reckless Corporate Habits are Creating an Opportunity for InvestorsApr 24, 2023
• Banks’ lending habits have gone from bad to worse after SVB’s collapseApr 17, 2023
• It’s time to be cautious in the market because of this important economic indicatorApr 10, 2023
• The next recession in the U.S. isn’t going to be as bad as you think. Here’s whyApr 3, 2023
• That may have been the Fed’s last rate hike for a while… here’s what that meansMar 27, 2023
• Mortgage Backed Securities: This Time Is DifferentMar 20, 2023
• How to tell we had a ‘FOMO’ rally to start the yearMar 13, 2023
• Don’t look at the banks to understand the next recessionMar 6, 2023
• The unintended consequence of the supply-chain supercycleFeb 27, 2023
• The bear market that isn’tFeb 13, 2023
• Doubling down on ‘Pax Americana’Feb 6, 2023
• Don’t expect interest rates to fade any time soonJan 30, 2023
• Unpacking the unemployment rateJan 23, 2023
• Gearing up for a sideways market in 2023Jan 9, 2023

2022

• Checking in on the post-WWII playbookDec 27, 2022
• Mixed messages about the U.S. economyDec 19, 2022
• These sectors are leading the way into 2023Dec 12, 2022
• Corporate spending is back on the riseDec 5, 2022
• We’re not out of the woods yetNov 28, 2022
• Student loans are coming back, and they could lead to a ‘domino effect’Nov 21, 2022
• Two ‘surefire’ recession indicators are saying different thingsNov 14, 2022
• Here’s how midterms could affect market valuationsOct 31, 2022
• Don’t fear inflation today – fear inflation tomorrowOct 24, 2022
• The U.K.’s Anti-Inflation Efforts May Have Done More Harm Than GoodOct 18, 2022
• Powell is taking a page out of Paul Volcker’s PlaybookOct 10, 2022
• The risk of a consumer credit crash is bringing down the economy furtherOct 3, 2022
• How the U.S. will win the next warSep 26, 2022
• The effects of inflation and the Fed are now showing up in earningsSep 19, 2022
• Rising rates will be a painful ‘medicine’ for the economy to heal this yearSep 12, 2022
• This “recession in name only” has one sure way outAug 29, 2022
• Corporate America is insulating itself from bankruptcyAug 22, 2022
• Our last history lesson takes us into a Pax AmericanaAug 15, 2022
• Our economic example continues into 1949Aug 8, 2022
• An Economics Lesson From 1947 and 1948, Part 2Aug 1, 2022
• An Economics Lesson from 1947 and 1948, part 1Jul 25, 2022
• We are looking to post-war America to understand inflation in 2022Jul 18, 2022
• To understand today’s market climate, we have to look back to 1945Jul 11, 2022
• Jamie Dimon’s Weather Forecast Just ChangedJun 27, 2022
• Financial media made earnings out to be a bloodbath…Here’s how they are missing the pictureJun 13, 2022
• Markets are getting stronger thanks to this changing debt metricJun 6, 2022
• Management teams aren’t worried about a recession, and you shouldn’t be eitherMay 23, 2022
• Consumer balance sheets aren’t only strong, they are ready to fuel more growthMay 16, 2022
• Supply chains remain infected even as the pandemic abatesMay 9, 2022
• Understanding if long-term inflation risk is driving the market downwardMay 2, 2022
• Meme stock mania has inspired sweeping changes in the regulatory landscape of short sellingApr 25, 2022
• Why growth in biotech can continue even after COVIDApr 18, 2022
• Why history’s best investors love a market bottomApr 11, 2022
• Inflation isn’t disrupting corporate America as much as you might thinkApr 4, 2022
• This market hedge never makes its money backMar 28, 2022
• The yield curve is a useful tool in gauging recessions, if the right one is usedMar 21, 2022
• Here is the number to watch in anticipation of the next crashMar 14, 2022
• While tech markets struggle, this industry is primed for further growthMar 7, 2022
• This fundamental metric is telling us the market still has legsFeb 28, 2022
• Why the Fed thinks more debt is a sign to be bullishFeb 14, 2022
• While the cost to borrow is going up, the economy isn’t in trouble yetFeb 7, 2022
• Understanding inflation means more than just breaking out monetary policyJan 31, 2022
• Analysts are looking at all the wrong signals to understand inflationJan 24, 2022
• Even Biden’s “Dealbreakers” couldn’t stop M&A activity in 2021Jan 10, 2022